Sky and Space Global & GomSpace reach settlement, removing an obstacle to critical financing

by Peter B. de Selding

UPDATE Jan. 31: This story was updated to reflect the company's statement that it expected its investment advisors to secure, by mid-February, funding to cover the shortfall from the latest shareholder issue.

PARIS — Startup voice and data satellite constellation startup Sky and Space Global (SAS) has concluded an agreement with satellite manufacturer GomSpace that removes potential liabilities to SAS if it were to cancel or default on a GomSpace contract.

The agreement removes one obstacle to SAS’s ongoing attempts to raise enough financing to . . .

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